For Companies Best and Aplus, each earns an annual profit that is normally distributed with the same positive mean μ. The standard deviation of Best's annual profit is one third of its mean. In a certain year, the probability that Aplus makes a loss (i.e. a negative profit) is 0.8 times the probability that Best does. Assuming that Aplus' annual profit has a standard deviation of 10, please compute (approximately) the standard deviation of Best's annual profit.
For Companies Best and Aplus, each earns an annual profit that is normally distributed with the same positive mean μ. The standard deviation of Best's annual profit is one third of its mean. In a certain year, the probability that Aplus makes a loss (i.e. a negative profit) is 0.8 times the probability that Best does. Assuming that Aplus' annual profit has a standard deviation of 10, please compute (approximately) the standard deviation of Best's annual profit.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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For Companies Best and Aplus, each earns an annual profit that is
the same positive mean μ. The standard deviation of Best's annual profit is one third of its mean.
In a certain year, the
probability that Best does. Assuming that Aplus' annual profit has a standard deviation of 10,
please compute (approximately) the standard deviation of Best's annual profit.
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